What is the benchmark price?
Benchmark prices (also known as benchmark prices, benchmark prices in English) refer to the use of timely and accurate price collection, scientific and reasonable prices in a specific commodity trading field by a neutral third-party agency with a certain influence in accordance with a specific methodology Model calculations. Market benchmark prices (or price indices) that are released to the public regularly after level-by-level review. Benchmark prices need to undergo long-term market verification and trial and approval by representative industry companies, which can timely, accurately and objectively reflect the transactions and changes in supply and demand in the mainstream market, which can be used for reference, pricing, settlement, settlement, and settlement Rights and market research. The benchmark price of a commodity is a market-recognized benchmark price or price index, and has the characteristics of timeliness, accuracy, authority, scientificity, practicality, and traceability. [Click for details] · Reference pricing · Risk aversion · Supply and demand adjustment · Transaction settlement and cost accounting · Index development and market research and judgment Zhuochuang Information Commodity Price Benchmarking
The price benchmark set by Zhuochuang Information (the first portal of China's commodity information) is a widely accepted benchmark price in the field of commodities in China and the world, and it is widely used in the fields of commodity production, sales, trade, procurement, and settlement. Zhuochuang Information is rooted in the commodity industry and always adheres to a neutral third-party position. It is committed to monitoring commodity prices and has accumulated relevant historical data of tens of thousands of commodities for nearly two decades. It has established a scientific, systematic and detailed database system. SPAS valuation system; established a market and data research and development center, assembled top talents, and led the standardization trend of the commodity information service industry. In recent years, the commodity price benchmark set by Zhuochuang Information has been widely recognized by the government, institutions, media, enterprises and markets, and has been widely used and directly cited.
The Price Division of the National Development and Reform Commission and Zhuochuang Information signed a memorandum of cooperation on “enhancing price monitoring and early warning analysis” to jointly monitor, alert and analyze the prices of commodities.
The National Bureau of Statistics and Zhuochuang Information signed a strategic cooperation agreement on big data, and jointly signed the "Price Changes in Important Markets of Production Materials in the Circulation Field" on the 4th, 14th, and 24th of each month.
The national-level service industry standardization pilot project unit builds a standardization system for China's commodity information service industry.
Major domestic commodity futures exchanges have established in-depth cooperation with Zhuochuang Information, using Zhuochuang Information as the main supplier of information and consulting; many large domestic and foreign enterprises, especially international companies, use the price of Zhuochuang Information as the benchmark or settlement price. .
The National Development and Reform Commission Price Monitoring Center lists Zhuochuang Information as the national direct reporting point for commodity price monitoring. In the steel industry, it jointly releases the “National Steel Trading Market Price Monitoring Data Information” and “Medium Price Zhuochuang Steel Price Index” jointly with Zhuochuang Information. ", In the agricultural field, jointly released three price comparison indexes of" pig-feed "," chicken-feed "and" egg-feed "weekly with Zhuochuang Information, and the" medical price of Zhuochuang refined oil wholesale price index "will be released soon. Zhuo Chuang Nonferrous Metals Price Index "and many other indexes.
China Customs regularly receives Zhuochuang information data and analysis, monitors market development, and uses Zhuochuang information data as reference price for tariff calculation.
CCTV News Channel was connected with Zhuochuang Information on the day of the national macroeconomic data release, interpreted the economic data of 2014 and the first quarter of 2015, and analyzed the market development trend; CCTV Finance Channel broadcasted Zhuochuang Information's information ten hours a day. Nearly 100 Zhuochuang information analysts served as CCTV commentators; First Financial and Zhuochuang Information established a live studio connection mechanism to conduct live online interviews on commodity hotspot issues; Dow Jones and Zhuochuang Information signed a cooperation agreement through the Factiva platform Serving customers worldwide; Xinhua News Agency, Reuters, PR Newswire, Wall Street Journal, China Daily and more than 500 media around the world use Zhuochuang Information as a fixed source of information.
Zhuochuang Information has 3,500,000 registered members, covering industrial customers, financial institutions, commodity exchanges, government agencies, media, research institutes and other fields. 279 of the world's top 500 companies have signed contracts with Zhuochuang Information.
At present, Zhuochuang Information has quoted more than 50 products. It has become a generally accepted and adopted pricing benchmark in domestic and foreign markets, and has been widely used by more than 30 institutions and more than 300 influential companies.